First I would like to congratulate the Yankees on winning the world series! Yea!! Believe it or not, historically when they win the market goes up. hehehe
I also added a donate button, whether you want to donate to the homeless animals I care for everyday or just because you are finding that my blog has helped you with options/market, it is appreciated. On average a year I spend about 15,000 between food, vet, shots. ect along with allot of my time and no I am not a wealthy girl at all. Wish I was but maybe one day. From 1$ to whatever your heart desires, we (animals and I) will be most grateful.
I will also be adding a page with some pictures of my colony for you to see. And yes they all have names each and everyone of them
Now on to the markets, the dollar had a nice bounce overnight, but has since lost it’s steam (I closed out my short EUR/USD for a 50 pip gain) My personal thoughts are we may see 1038 area before going higher, IMHO we have at least one last gasp higher in this wave. I know alllot of bears are going to want to have some Anna for breakfast, but those are my thoughts and I am sticking to them.
For those of you who followed Pra and I on WFMI, Congrats! I will look to close out my put spread today. I will post when I do.
…
adding Berk’s Dow Chart below
I agree with Berk the bulls will do their best to recapture 10,000!




November 6th, 2009 - 3:05 am
Hi Anna, great to see that HOB has been doing well while I've been on vacation!
In fact I was actively trading while away (because I'm nutty!) but only oil, with equity positions held as is. Spot-on support/resistance technicals and relatively straightforward dollar action made oil easy to trade around the weekly inventory reports. I avoided anything new with equity indexes given their continued sloppy wide range-bound trade: Hit the bathroom at the wrong time, a seemingly good trendline does a sudden Houdini vanishing act and whamo, you miss a 10-point move in the S&P.
Anyway! Today the S&P futures rallied right up to 1064 resistance and stopped, Russell 2000 jumped >3% to its 580 resistance area. Maybe it's the start of cleaner technicals. What struck me was the low volume buying as if sellers took the day off. This alone would argue Friday for yet another reversal, of Thursday's reversal of Wednesday afternoon's reversal. (Doesn't that sound silly!) On that basis I went net 15% short at the close. BUT…
Friday's BLS report is likely to have sticking power, as it's the last economic report out until Thursday the 12th. Consensus for Nonfarm Payrolls is 175,000. If it's that or less I'll be closing shorts in anticipation of a retest of mid-October's market highs. BLS seldom disappoints. But if Nonfarm Payrolls come in well over 200,000 like last month, the market will be back in the trading range for sure. Wednesday afternoon's lows probably hold then but if not, there's a gap at 1009.75 in the futures trade to fill…
November 6th, 2009 - 3:22 am
buried far below the grousing CNBC headlines we find what the world really thinks of the USA:
http://www.cnbc.com/id/33707678
November 6th, 2009 - 3:26 am
Hi Mac, that's an understatement as you can see I am up at 4:30am putting up the new post LOL
)))
sorry to do this but could you repost, I just added Jack's new post and I don't want your post to get lost in here
November 6th, 2009 - 3:26 am
Please repost on new thread Humble Pie
))
November 6th, 2009 - 3:28 am
**********NEW POST **************
“”"”"”"”"”"”"”"”"”" “”"”"”"”"”"”"”"”"”"
“”"”"”"”"”"”"”"”"”" “”"”"”"”"”"”"”"”"”"
November 6th, 2009 - 3:28 am
GM Anna,
I am on call tonight
November 6th, 2009 - 3:30 am
Poor baby! Congrats on HANS last night sweetie
)
November 6th, 2009 - 3:32 am
Thanks. Time to go back to bed. Had to wake up at 3 AM to do an emergency which we just finished
November 6th, 2009 - 12:22 pm
SJ, glad you guys got to see it make sure anna gets a link for it her car is the bomb LOL